CIMC profit rockets 1,161% as container sales quadruple
SHANGHAI : Net profit of China International Marine Containers (CIMC) for the first nine months of the year swelled 1,161% year-on-year to US$1.36 billion, as the world’s largest
Insurers eye containership claims with dismay
The frequency and size of claims are both climbing, with more than 30 incidents requiring payouts from the 13-member International Group of P&I Clubs’ (IG) pooling arrangements since
Container shipping rates entering extended period of volatility: Lars Jensen
The global container shipping industry is entering a period of volatility that will extend long after the current peak shipping season, with a return to pre-pandemic market conditions
Amazon and others commit to using zero-carbon shipping fuels by 2040
LONDON : Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding
Hanjin Heavy wins order for boxship quartet
Hanjin Heavy Industries & Construction Co., a mid-sized shipbuilder in South Korea, has secured a KRW 310.5 billion (about $261.8 million) order for the construction of four containerships.
China’s power crisis throws another curveball at container shipping
The Chinese government has reduced electricity supply to factories in at least 10 provinces, causing them to reduce production or shut until at least upto 30th September, as
The container ship “Elbblue” is the first ship in the world to receive renewable synthet
LIQUIND Marine organizes logistics and bunkering for the world’s first ship bunkering with synthetic natural gas Brunsbüttel : The “ElbBLUE” in the Elbe port of Brunsbüttel was the
Container ships now piling up at anchorages off China’s ports
SHANGHAI : There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that —
Why Container Ships Can’t Sail Around the California Ports Bottleneck
There appears to be no sailing around the breathtaking backup of container ships off the jammed ports of Los Angeles and Long Beach. Newly arriving vessels are adding
Retailers in US forced to find creative ways to overcome shortages and price hikes
A record number of container ships are causing backlogs in key US ports, causing shortages and price hikes. Major retailers like Walmart, Home Depot, and Lululemon have taken